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Akobo Minerals AB ( (DE:643) ) just unveiled an announcement.
Akobo Minerals AB reported its first revenue-generating quarter, achieving an income of SEK 10.6 million, excluding gold produced in December. The company is making significant strides in its operations, with a focus on developing a vertical shaft and securing necessary funding for long-term growth. Leadership changes have been announced, with new appointments aimed at strengthening the company’s position. Despite lower-than-expected production in early 2025, Akobo Minerals remains committed to its growth ambitions, supported by strong market conditions and strategic collaborations.
More about Akobo Minerals AB
Akobo Minerals AB is a Scandinavian-based gold producer with a strong presence in the Ethiopian mining industry. The company holds an exploration license covering 182 km2 and a mining license covering 16 km2 in the Gambela region and Dima Woreda, Ethiopia. Akobo Minerals is recognized for its high-grade Segele mine, which boasts an Inferred and Indicated Mineral Resource of 68,000 ounces with a gold grade of 22.7 g/ton. The company emphasizes ethical practices, community engagement, and environmental responsibility, positioning itself as a key player in the Ethiopian mining sector.
YTD Price Performance: -20.0%
Average Trading Volume: 1,250
Technical Sentiment Signal: Strong Buy
Current Market Cap: €24.52M
Learn more about 643 stock on TipRanks’ Stock Analysis page.